I live in New York and while I don't work in finance, I am familiar with how much of a powerhouse Goldman Sachs is. I was surprised that their savings accounts do not require a minimum balance and do not charge any transaction fees. They pay 1.3% APY on all deposits. One drawback is the lack of an ATM card which can be a hassle, but it also helps me to better save my money! If I were to have a financial emergency I could access my funds via wire transfer or electronic transfer. Overall, I am okay with ...

While I was initially skeptical of online banking, Ally has won me over. Both their checking and savings accounts require no minimum balance and the savings account pays a healthy 1.25%. By linking my savings account to my checking account I am able to transfer funds between the two and utilize my checks and ATM to access my money. Online banking is a lot easier than I ever expected and with my two accounts linked it is as seamless as a traditional brick and mortar bank. I highly recommend ally to all of my friends, especially those that are ...

Paying 1.3% APY with no monthly fee and no minimum balance required to open an account, this was the logical choice for me when I was looking to start saving. I am just out of college and my first job doesn't pay a ton but when I do have some extra money I like to make sure that I save some of it. There isn't an app yet which can be a bit of a pain but it's not the end of the world. There is an ATM card, which many online banks don't have, which makes it a ...

With an APY of 1.5% and no minimum balance required to open an account, I set out to learn more about Dollar Savings Direct. After a bit of online sleuthing, I opted to NOT open an account and recommend that others do the same. It turns out that Dollar Savings is a part of Emigrant Bank who is known for some practices that are less than optimal. They have been known to pull a bait and switch with their rates and the last time I checked the account that previously advertised a rate of 1.5% is now paying 1.0%. ..

We have always relied on Credit Unions for our banking, which is a holdover from my father who was a utility employee. Our local branch does not have the best rate for their savings account and I decided to look at some other options. I was thrilled to find out about Alliant, which is another credit union, and their quite healthy 1.25% APY and the minimum balance to open of $5. Even better, they offer ATM cards which is always handy in an emergency. The website is very robust and digital banking has never been more pleasant of an ...

I like Ally because they have higher interest rates than most banks on their savings accounts. For me, adding a checking account was a no-brainer. Their website and app are very easy to use and transfers are simple to set up. I get free checks, and there are no monthly fees or minimum balances. If I need to speak with someone I can just call any time of day or night with no wait. Getting cash from ATMs is easy, with access to over 40,000 ATMs for free.